Tabor Refund 2024 Date, Amount, Eligibility, Filing Deadline and Method 

Colorado residents can expect to receive a TABOR refund in the spring of 2024. For one qualified person filing alone, the 2024 refund is $800; for two qualifying taxpayers filing jointly, it is $1,600.

Tabor Refund 2024 Date

In spring 2024, Colorado residents are set to receive a TABOR refund due to the state surpassing its fiscal year spending limit. The refund amounts to $800 for single qualifying taxpayers and $1,600 for couples filing jointly. 

To qualify for the 2024 TABOR refund, individuals must submit a 2023 DR 0104 by April 15, 2024, provided they were at least 18 years old at the start of the tax year and have no Colorado income tax.

• Colorado Tabor Refund 2024
• IRS Refund Release Dates 2024
• IRS Deposit Schedule 2024
• IRS Refund Status
• IRS Refund Direct Deposit Dates 2024
• IRS Check My Refund

TABOR Refund 2024 Eligibility

The Taxpayer’s Bill of Rights (TABOR) in Colorado mandates the refund of excess state revenue to eligible taxpayers.

Must-haves:

• Colorado residency: You must have been a resident of Colorado for the entire tax year 2023 (January 1st – December 31st).
• Age: You must be at least 18 years old at the beginning of the tax year (January 1st, 2023).
• No incarceration: You cannot have been incarcerated or committed to the Department of Human Services for 180 days or more during the state fiscal year (July 1, 2022 – June 30, 2023).
• Income tax payment not required: You don’t necessarily need to have paid any state income tax in Colorado to be eligible for the TABOR refund.
• No residency requirement for filing: While residency for the entire tax year is required for eligibility, you can still file a Colorado Individual Income Tax Return (DR 0104) to claim the refund even if you haven’t resided in Colorado for the entire year. 
• However, in such cases, you won’t be eligible for the TABOR refund but might be eligible for other income tax credits or refunds.

Alternative option:

• PTC Rebate Application: If you are a homeowner or renter with specific income qualifications, you can file a Property Tax/Rent/Heat (PTC) Rebate Application by April 15, 2024, instead of filing a complete income tax return. 
• This application allows you to claim the TABOR refund without filing an income tax return.

TABOR Refund 2024 Amount

The TABOR refund for 2024 is a flat amount regardless of your income, unlike previous years where the refund was tiered based on income levels.

Refund Amount:

• $800: For individual filers.
• $1,600: For joint filers.

This uniform refund structure was established by the Identical Temporary TABOR Refund bill passed in May 2023 and approved by voters in November 2023. It differs from the multi-tiered approach used in previous years.

TABOR Refund 2024 Filing Deadlines

Key filing deadlines for claiming your TABOR refund in 2024:

Main Deadline:

• April 15, 2024: This is the most crucial deadline. You must file your Colorado Individual Income Tax Return (DR 0104) by this date, even if you don’t owe any state income tax, to claim your TABOR refund. 
• Missing this deadline means you forfeit your eligibility for the refund.

Alternative Option:

• PTC Rebate Application: If you are a homeowner or renter with specific income qualifications, you can file a Property Tax/Rent/Heat (PTC) Rebate Application instead of a full income tax return. 
• The deadline for this application is also April 15, 2024.

Other Deadlines:

• October 15, 2024: While you can still file your DR 0104 form after April 15th, you won’t be eligible for the TABOR refund after this date. 
• However, you might be eligible for other income tax credits or refunds.

Claiming the 2024 TABOR Refund 

When the time comes to claim the 2023 TABOR refund, here are the two main options:

Filing a Colorado Individual Income Tax Return (DR 0104):

• This is the standard method for claiming the TABOR refund, even if you don’t owe any state income tax.
• No online filing available: As of now, there is no online option to file the DR 0104 form. You can download the form from the Colorado Department of Revenue (CDOR) website or obtain a paper copy by mail.
• Filing deadline: The deadline to file for the 2025 TABOR refund will likely be April 15, 2024.

Property Tax/Rent/Heat (PTC) Rebate Application:

• This option is available for homeowners and renters who meet specific income qualifications.
• Potential online filing in the future: The CDOR is currently exploring the possibility of offering an online filing option for the PTC Rebate Application in the future. However, this option is not yet available for the 2024 TABOR refund.
• Deadline: The deadline to file the PTC Rebate Application for the 2025 TABOR refund will likely also be April 15, 2024.